GBPUSD - potential long trade in the coming day

Hello all - DuncanForex with another trade idea.

With NFP coming in strong on Friday and USD gaining strength - the question is:

Is this short term sentiment and will the FED support further USD strength or will the FED still suggest a rate cut and in turn will USD weaken,?

Therefore, the recent price action being a stop loss hunt before heading higher quite quickly

I have not been able to publish all my trade ideas this week - however I am currently long gold at 1393 and I expect USD weakness to now continue on other pairs.

I am looking to go long GBPUSD after reviewing my support levels - where I previously think I got in too high on the recent down move.

\I am looking for a break of the trend line and a retest prior to it heading higher

This trade may end up going through FED news tomorrow and I will review prior to the news coming out if I have open trades.

Thanks for looking

Duncan

Trade ist aktiv:

Trades live - entered at 1.2460

Trade ist aktiv:

Hi all - first three trades of 1.2460 I have moved my stop loss slightly closer to the entry point. I am now looking to take three more entries and then target the 6 levels highlighted in the following picture.

Trade ist aktiv:

trades live and running well